ORLANDO, FL / ACCESSWIRE / April 3, 2019 / By any measure, Spherix Incorporated (NASDAQ: SPEX) has had a very good year. It is not often one can say at their annual meeting that
the Company posted a one-time gain of $7.5 million and p.s., our science looks like it
restored mobility to a mouse paralyzed by Acute Lymphoblastic Leukemia. That's all.
With Spherix now booking total assets of $13.3 million, less than 9 million shares outstanding and zero debt, CEO Anthony Hayes
has likely engendered some goodwill from his shareholder base.
And while the headlines for both those aforementioned significant events are eye-catching, remarkable even, the more measured
prose of Spherix's recentshareholder letter may be equally compelling. But as with all
things Spherix it takes a little digging, like a scratch-off lottery ticket.
Here are a few notes from the shareholder letter worth noting, following:
Via its pending CBM merger Spherix now is pursuing a remarkable portfolio of drug development rights from The University of
Texas and Wake Forest. The mouse mover drug is just one among them. The letter actually announced previously unreported preclinical
results that indicate one of the drugs in the CBM portfolio has potential applications beyond those originally announced.
There is significant progress being made in other oncological applications, again with big names like Wake Forest. Take a look
at this brief video and contemplate for a moment the market size for what this drug could do if it continues to kill cancer cells
through its potential path to FDA approval.
Spherix's outside the box investment in novel start-up Mellow is now more interesting given Mellow's pivot to everything instead
of just scooters. Now, Mellow is focused on borrowing an array of items from locals taking ride share, to omni-share. Plus, the
first launch just started in Washington, D.C., giving Mellow its first case study and/or proof of concept. Stay tuned there.
The shareholder letter also better details Spherix's investment in a privacy technology called DatChat. A little homework on
DatChat shows a very interesting business model:
DatChat is a complete personal privacy platform where you are always in control, even after you hit SEND or SUBMIT. Mobile
messaging, email and file storage are the first personal cyber-security sectors that DatChat is addressing with its unique
proprietary technology. The DatChat's technology allows you to change the rights to your messages and personal information any time
after you hit send or submit.
Starting with messaging, DatChat is a privacy platform which allows the option to erase or change how long your messages stay on
another person's device. You are always in full control of your personal privacy with DatChat. When sending someone a message, you
can wipe it from your phone and theirs at any time.
Unique to DatChat are features such as: Screenshot Protection, "Nuke" which allows the complete eradication of a conversation on
everyone's device, multi-layered encryption and the DatChat Messaging Rights Control Platform.
For us at Emerging Markets Report, that technology fills a massive need we see in the marketplace. It's a sign-us-up
moment that we like in our covered companies.
And most importantly, it's just the latest jewel in Hayes's perpetual efforts to be opportunity agnostic and to bring real value
to the Company's bottom line over and over again.
By any measure, Spherix has proven that it has an eye for value.
About Spherix Incorporated
Spherix Incorporated is a technology development company committed to the fostering of innovative ideas. Spherix Incorporated
was formed in 1967 as a scientific research company. Our activities generally include the acquisition and development of technology
through internal or external research and development. In addition, we seek to acquire existing rights to intellectual property
through the acquisition of already issued patents and pending patent applications, both in the United States and abroad. We may
alone, or in conjunction with others, develop products and processes associated with technology development and monetizing related
intellectual property.
About Emerging Markets Report:
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consultants representing years of experience. Our network consists of stock brokers, investment bankers, fund managers, and
institutions that actively seek opportunities in the micro and small-cap equity markets.
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